its time for final trade. mr. scar amariuccii. >> clear up side from here. >> that was my final trade, too. i like aig as well. >> sly going higher. >> buy intel. "power lunch" starts right now. good afternoon, everybody. the bulls are jumping, stocks are up across the board. big day for the markets. not such a happy day at the airport, however. there is growing anger at airports across the country. no deal in d.c. means air controllers are off the job, getting furloughed today "power lunch" gives them a chance to sound off. you're about to start paying more when you shop online, or at least possibly you will. for millions of us, a new tax may -- may be on the way. first to sue with the new york

stock exchange. and you said it, ty, the bulls are indeed jumping for sure on wall street. the dow right now is up triple did you get, up 137 points or so on the dow jones industrial average. the nasdaq is up 37, almost 38 points, the s&p 500 is at 1577. that's a gain of 15 1/2 points. the russell 2000 is participating as well with the biggest percentage gain of those indices, up 12 points. bob pisani and art cashing, director of floor operation joins me, and the reason i point out the russell is it's the broader-based index, which bodes well i think for the bulls today. >> it's big. it's been a real drag. the russell which has a lot of smaller caps built in also had kind of trailed. people used that divergence to say maybe things aren't right. the fact we're all plays together, particularly the russell -- >> playing nicely in the

sandbox, bob. >> it's a great relief. the earnings turned out well. last week we saw ge and tech tron, a bit of disappointment there, and the big names there. >> and upgrade for cat. all of them xwaet on the bottom line. top line still a little light. still that issue of not enough top line growth. >> it would put pressure on manage a bit. let's see how creative they can be. >> what are you watching on the highsen that might roil this market? have we gotten past that correction mode or a bit of correction mode that we were getting earlier last week? >> you know, on the cocktail napkins, it looks like once you're above 1555, the bulls are back in control. it's their ball to lose. on the broader perspective,

we've gotten a great deal of help from europe this week, and we'll keep an eye out and see if that continues. the yields on italian bonds and some of the other bonds are near record lows. >> the key today is not only the big global industrials have lowered their 2013 guidance, it puts precious on them. the second quarter looks a bit on the light side, but that's the key reason we're up. >> gentlemen, thank you very much. we have some breaking news to go do in the bond market. the two-year note went off the board. with a triple-digit advance, how was demand, rick? >> demand was pretty good. we'll get to the grade in a minute. the w.i. was trading 23 1/2 bid off for 23, priced about where it was supposed to. if you look at 3.72 as a ten auction average on a bid we're a little light at 3.63. indirect is a little light.

we give this one a c-plus. nothing really starnds out on it one way or the other. one thing i can tell you, though, this was little volatility in the entire dutch auction process. sue, back to you. >> thank you very much, rick. speaking of standouts, here's one, partly fueling the rally today, netflix as well as coach. netflix reporting strong earnings as it added more than 2 million u.s. subscribers in the last quarter. it is up 24, almost 25% on the trading session. the stock is up nearly 300% since october, taking its price-to-earnings ratio of a sky-high 137. now, that compares to about 14 for the other stocks in that particular sector. coach also reporting per than expected third quarter results on higher sales. it raced its dividend. coach is up almost 11%. ty, up to you.

thank you, sue, the frustration at the airport is growing. furloughed air travel controllers because of the federal budget cuts. phil lebeau is live with the top man in the faa's union, but first we go to jackie deangelis who is out at my favorite airport, laguardia. jackie? >> reporter: good afternoon, tyler. a fair amount of angry passengers whose flights have been delayed is what she meant to say. of course, you know, they are blaming it on sequestration. that has prompted the faa to cut 47,000 jobs and 13,000 of those are air travel controllers. that is in an effort to trim $200 million from the budget. the question, of course, is at what cost is that savings really coming? the concern is that there will be a domino effect here, that delays like this will cause people, especially business men and women to stop traveling, travel less because of the inconvenience. not only having the bottom line

of the airlines, but the greater economy. for example, american airlines say it could see a hit of $1.7 million a day as a result of this. now, some suggesting that people may be too quick to point the finger at washington. the faa saying in a statement that 1200 delays yesterday occurred because of the furloughs, but that 1400 more occurred because of bad weather and other factors. so a couple things to consider, but for now i want to send it over to phil lebeau, a top member of the air travel controllers union. >> imto bring in dean yakapelli, in charge of the association, the new york office. dean, your people are the ones who staff the traffic control center at laguardia. you saw the numbers in terms of the numbers of flights delayed. can you give me a sense of how much different the job is for air traffic controllers? how more chaotic is it? >> it certainly changes the

perspective when we go into work. we're used to walking into work and having -- normally we have a full staff the air traffic controllers so we can move 100% of the airplanes and passengers can be on time and the airlines can keep their schedules. what we find now is when we get to work now we're short 2, 3, sometimes more people depending on the locations, and working combined positions. we're hearing on the news about the delays. delays are not something we tailed pride in. what we want to do is get back to the business of moving the nation's travelers around safely and on time. >> dean, do your air traffic controllers say your flight is delayed because of the sequester staffing problems, or is it delayed because of weather? do they tell the pilots and the pilots relay to the passengers why the plane is delayed? >> no, no, the only thing we would tell them is that they can expect a delayed departure clearance time, or that if we

have to put them into airborne holding, but we're not saying your flight is being delayed due to sequester. we do not do that. >> dean iacopelli. 1200 flights delayed yesterday according to the faa because of tight staffing. tyler, back to you. >> phil lebeau, thank you. a couple airlines out with positive earnings reports. delta reported better than expected q1 profit. u.s. airways posted a bigger adjusted profit as it carried more passenger and collected more from them. that always helps. revenue rising 3.5% in what the airline called a strong demand environment. jetblue, united, southwest all up as well today. sue? ty, this is the financial equivalent of the super bowl of quarterly reports. apple releasing numbers after

the bell today, the stock, which has taken a beating recently now traiting above $400. not by much, but they'll take it. investors may be coming back, but what do consumers this i? that story next when pow per continues. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced.

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the market's kind of fallen apart. it's whipsawed all the way back up. so take a look at the right-hand side. we saw the dow jones industrial average go from a garch of 135 points to negative 12 in under a minute and a half. this is all sorts of rumors, and we'll follow those up. the market has bounced way back up again, but the volume tim in this market just in the last five minutes was unbelievable. they were running around down here, trying to get the bids in and the trades off. so this is a story that's still developing. we're going to follow it for you all day dupont beating the streets, boosted by improved sales of seeds and agricultural chemicals. travelers hien an all-time high, and a drop in natural disaster

claims. and united technologies, as we mentioned also reported better than expected results, but warned that government cuts could dent 12013 profits by ten cents a share. the other big stock story today, of course, is apple. right now it's trading up almost 2%, it records after the bell today, the stock is down about 20% since the last time it reported, which was on january 23rd. down much more than that from its peak, which was about 700. jon fortt is in silicon valley. hi, jon. >> this earnings report will be packed. wall street is looking for $10.07 eps china will be key there. ipad, we're looking at somewhere between 15 and 18 million units,

roughly where i see analysts around the middle. there didn't seem to be great on whether sales were lower or higher -- analysts will interpret it by looking at how apple did in the march quarter. wall street officially wants 39 billion in revenue, but a rebound in gross margins could chase thing we did. on top of all that, we have the dividend question. arguably the most important thing, apple and tim cook can do is bring some level of calm and predictability to apple's results, which it seems he's been trying to do. we'll see where he goes today. kkm financial's jeff kilmer is here. you were a bit of a bear. you have changed your tune a bit. why? >> there's a lot of hype with apple right now. it's valued in the options market, you see the volatility after the earnings report,

coming in 50% hotter than anticipated. right now for every reason it was short, it tested the 400 level. our model predicted a 400 test, we got it. >> there it's back up above 400 the how have you been investing? >> so we've been playing in the option market. we own the puts, to short this, but now we want to buy up side calls here, and selling puts, puts you to the stocks. you can own this stock a little cheaper by selling puts the that's what we're doling right now. itches i want to thank you for being here, because i always stand up straighter. how do consumers feel about it. let's bring in cnet molly wood and natalie morris. let me start with you. has the i-culture lost its

identity? >> they're a hardware, software, but they're also a bit of celebrity. in the post-steve jobs era they've been riting the if factor for a long time. the ipad is really still the it. the iphone, the sales will be really strong, but consumers are hankering for a third product. is it a watch? is it a tv is it a pedometer? we're not sure, and like the -- >> a pedometer really gets my juices flowing. >> that's what we thought about. >> molly, let me turn to you. my hunch is -- all right. you want to do that right here? all right. we're going to interrupt right here. we want to point out something we've been following, an a.p. twitter feed has been hacked. it partly explains the unusual activity in the dow that sue just described where the dow really cascaded before zipping

right back. the reason it did that was an a.p. twitter feed indicated that the white house had been the victim of a bombing, or an explosion. in fact, two explosions, and that the president had in fact been injured. the a.p. has now said that they are -- they are the victims of some sort of hack attack. there you see jay carney in the white house briefing room, the picture of was that, obvious li of something more alarming were happening, that room would be either evacuated or in a high state of energy. the story is an a.p. twitter feed, in this era of social immediate what was apparently victimized in this climate of high nerves and high alert in the wake of boston. and the equity market reflected it immediately. it went down, and now has come back as a.p. itself has confirmed they were the victim

of a hack attack. sioux, i assume that i got it pretty much right there. >> you did. absolutely, ty. >> and traders down there are confirming that's why the stock market sold off? >> that is indeed what happened. jay carney is the picture of calm, and he just said the president is final, the president is absolutely fine. so, you know, obviously that's why the stock market sold off so dramatically, so quickly, but it bounced back just as quickly when a.p. put out the fact that they had been hacked. once again this market is absolutely on tinder -- tenderhooks, and it we went to negative 12. and bob joins me. it shows you on you sensitive this market is. >> what's fascinating is how it works these day and age.

my producer called me and said the dow just dropped 100 points. >> they were running around -- >> saying, and of course we heard this rumor immediately. immediately people started trying to confirm whether or not it was actually true. it turns out the a.p. account actually was hacked at this point. literally as we were standing on the floor, people were saying what are we hearing? what's going on? >> what happened to me i was over at the get-go post. they were talking about the fact the bids were coming out of the market so quickly. it happened right at the end of what we call our "a" block. i was moving over to post 9. all of a sudden everybody started yelling the bids are coming out, the bids are coming out fast. it resembled a bit of a flash mo to the down side. >> obviously this will bring up issues for security for important accounts i think we'll

have to look into it and figure out how to make the systems more robust. >> could i interrupt? natali morris has an interesting perspective, knowing a heck of a lot more than i do, maybe this technically wasn't a hack but a phish? >> yes, it's p-h-i-s-h. >> they're a good band, i gather. >> it just means someone found your passworked, put it in and started tweeting on your behave. what we can learn by this is always change your pass words frequently. >> these kinds of fishing attacks or hacking attacks certainly, when you get into news feeds and recognized authoritative news providers like the associated press, like cbs, nbc or whoever, these are obviously the security questions are very, very important here these days. >> they are.

you know, i think we've seen over the past week and a half, social media become a point of vulnerability when it comes to breaking news on a lot of different krobs. the cbs twitter feeds have been hacked or phished, the a.p. it's a much more common kind of attempt by -- it depends on who the group is. maybe it's hackers, maybe just sort of members of anonymous upset about mainstream media, but it's an easy place for them to get in and disseminate like you said, sometimes very damages news. >> how do they get in so simply? do they have algorithms that will try thousands of passwords per minute or second, and one of them clicks and they're in? >> that's one way, but as natali mentioned, phishing attacks are the easiest way. there were warnings about e-mails requesting a reset. send a fake e-mail to an

employee who said i see you tried to reset your password, can you confirm the password? and then it's so damaging. >> it's so damagings obvious by can the -- capture of that subject. the volatility that is on that i think now we're you want, so we're back exactly where we were. maybe there's only five people, ten people who have access to that particular a.p. twitter handle. >> let me bring in job fort. >> it's amazing how many passwords are so simp that in some cases they can just be

guessed. here's one of the key issues. a lot of passwords on a service like twitter are what you call single factor. evernote, which is an important storage service, that was the victim of a hack a few months ago. they're trying to switch and others are trying to switch now to something called two-factor authentication, where you not only have to enter a password, but maybe you get a special code on your phone, you have to enter that too in order to get access. i think because of the a number of things we've seen, we might see more services that are mission critical to news organizations pushing to move to multiple factors, not just a password, but some other piece of information you need. >> google has been doing this, jon, if you have a google account, they are routinely asking for a phone number as an additional level of authentication. if there's some problem with

your account, they will immediately text you, on to your phone account, asking you, are you the person now accessing your account? so i think you're right there will be multiple levels of security. >> how often should an organization like a.p. change their password? i certainly don't. i feel like a bit of a hypocrite here, because i don't necessarily follow the right myself, a lot of people say change it every three months, they also say to use a password that's nonoften, including numbers as well, even symbols as well. this is a password and a code that you get via your phone,

particularly if you're logging in from a new computer. that just adds another barriers. any report was false. white house press secretary jay carney responded by saying in fact the president is fine action and karney had just been with him a few minutes ago. so a false report here from the a.p.'s twitter account. it did stop a few hearts here in washington as people raced to see if they could confuse it.

you know, bring the viewer sort of into the bubble journalistically. we saw that the traders there sold first and asked questions and confirmed later. we are see markets so sensitive. last week we've seen 100-point move down every day. the next question is can we get the actual quotes out of the exchange hacked? how secure are those servers?

it's also a media story, in that they're reporting both on their own platforms and twitter at the same time. twitter might have vulnerabilities we're learning as well. that's something that media organizations need to start to look into to make sure they can secure that and they might be susceptible to these kinds of hacks or malicious attacks in a way that average twitter users are not. i mean, that report we have to check exactly how many followers, but it has to be thousands and thousands of people getting that instantly. all of those people in the media who get that, immediately rushing to check and confirm before they go on the air or out on twitter or in print themselves. it sets off a cycle when an entity as influential as the associated press, puts out a twitter like that. they always get the first question, and they were able to set the record straight in a

visible forum for other media for follow up. right at the top they said their account had been hacked and their report was false. >> that was good timing. >> that makes a big difference. it allowed the white house an opportunity to respond. even before that, we saw the report here in the newsroom, and we've got a bank of monitoring that constantly show a live picture of the white house, and usually one of the briefing room. we saw no unusual activity there. the phrasing of the associated press's false tweet was awkward. it didn't scan to me as a journalist as something a journalist would have put out. the brakes were on immediately on seeing that. it didn't square with reality. obviously if you're sees a reaction in the trading, that might be a non-human reaction, a computer reaction. >> it doesn't make any sense. >> it certainly is, eamon.

the idea is most of these programs, as smart as they town are trend-following programs. so the idea is to buy low and sell high. that's the important thing here. >> tyler has the tweet. >> i'm looking at a facsimile of the tweet that went out. i don't know if you can get in on that, chris or not, bearing the logo of the associated press. that's the picture. so it is made obviously to look official. it says breaking, colon, two explosions in the white house and barack obama's injured. i should point out our newsdesk, which sees all of these kinds of feeds routinely, the immediate reaction says it doesn't sound right, the way they would have phrased this information. >> they always use the term "president" they never use the term barack obama. >> that would have been one of the tipoffs, that this was a bog us tweet, not obviously the main

news feed of the associated press, which has a whole other layer of security in it. let's go to kate kelly for a perspective how this may pick up this kind of information and translate it into the marketplace. >> there's a growing belief within the world of trading that people have keyword searches that look for headline events when osama bin laden was killed, people regarded what was slightly strange or trading patterns, a bit of a sell-off for an event that arguably would have moved prices upwards in oil, but the feeling was people had algorithms to detect bin laden and violence or bin laden and killing, and they were programmed to sell off and moved the market in ways the public may not have expected. but again, there has been a

growing belief that with the large volume of high-frequency traders and al groh rhythmic trading that keyword searching are very much a part of the strategy and could play a role in out-sized market moves on a day like today. >> it certainly did. kate, thank you very much. we'll take a quick break with the dow jones industrial average all the way back up toward the high. we're up 122 points. we'll continue following the story right after a quick break. don't go away. [ engine revving ]

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i'm eamon javers in washington with more on this breaking news stories, involving the a.p., the a.p. says tuesday the twitter account has been suspended following a hack, and says it's working to correct the issue. also in this story about the associated press now, we're seeing that they're saying that the attack here came after hacker made repeated attempts to steal the password of a.p. journalist that is led to the twitter account sending out an erroneous report that there had been explosions at the white house and that president barack obama was injured. guys, i should tell you our social media team here at nbc has done some digging, they find the twitter account has 1.9 followers as of today, and this tweet in question was up for at least four minutes. so a fairly long time in the twitter-sphere. as we had at the white house

briefing, which happened just moments later, the reporter who is traditionally the first person to get a question at the briefing immediately cleared this up. i believe we have tape of that moment. if we have tape, let's play it now. and i'm told we don't have the tape. we'll try to rack it and get it ready for you guys. as i said, the reporter there immediately clarified this and said there was an error, their account had been hacked and jay carney said the president is fine and in fact he had just been with him a few minutes ago. clearly another example of how things can get out control quickly, but luckily enough they got back in control. >> thank you very much, eamon. we'll take a quick break and continue to follow this story. traders are reacting, and we'll try to get the tape turned around so we can show you what happened in the white house briefing room. back in two minutes' time. what, isn't a thing at all?

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i have never looked better. superderivatives introduces dgx. data done differently. kenny joins the conversation about this fake a.p. headline that went over twitter. when i was running around the

floor, i was trying to find out what happened. and nobody knew. to your point. >> i was in the booth, all of a sudden you like at the mark, and there was no news, nothing. people calling around asking. that's how quick it happened. that goes to kate kelly's points, the algorithms that read the headlines, right? because of it goes right to the point, and then they create these automatic orders. >> it's like, shouldn't we improve security? >> i want to know what happens to those trades. >> we had customers with low-ball bids so drp they were very happy. the seller's not too happen. >> they are not erroneous trades? >> they will not be canceled. >> does the s.e.c. needs to look into this? >> i would imagine --

>> they're not going to cancel the trades, but they'll look into how does this happen. again it's about protection and securing our own markets. it could have been even worse, right? >> absolutely. four minutes is a long time for this market. >> i think -- i think it happened even faster than four minutes. >> it happened in a minute and a half. i know that, because it takes me a minute and a half from the bottom of the stairs up and onto post 9. >> it's not just reading the news, the machine readers, it's the trend following that happens. you get the market going down rapidly, you'll get people just following the trend. >> you know, when the rumor first came out about the white house being bombed and the president being -- it's almost incredulous, people are, like, really? could it happen? of course, but -- the computer

doesn't care. >> that's right. we're going to take a quick break and we'll be back with more on this story. [ male announcer ] this is kevin. to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [ male announcer ] we'll be with him all day as he goes back to taking tylenol. i was okay, but after lunch my knee started to hurt again. and now i've got to take more pills. ♪ yup. another pill stop. can i get my aleve back yet? ♪ for my pain, i want my aleve. ♪ [ male announcer ] look for the easy-open red arthritis cap.

there's a dichotomy. recent studies show that americans are still worried about their retirement saves. our sharon epperson has more on how investors can repair and regain confidence. sharon? >> well, you know, tyler, quick moves certainly don't help, but there's a bunch of new studies that are talking about

confidence being at history lows. rye now the dow and s&p are knee near new highs. that is something that many may think should instill confidence in the market. one reason why it may not is the fact that these gains may be somewhat misplaced as people are realizing how much they actually need to save, to achieve a financially security retirement according to one survey, 20% of workers say they need to save between 20% and 29% of their income. nearly a quarter say they need to save 30% or more, and most workers aren't saving nearly that much and not nearly enough. few contribute the maximum amount to their workplace retirement plan, and right now you contribute up to $17,500 to a 401(k) or $23,000 if you're 50 or over. when you invest in these funds,

definitely consider what your goals are and stick to them. a lot of financial planners say even though you can make 10% in the market, maybe that's not what you need. 5% may be just enough and you need to still to those goals. back to you. >> sharon, thank you very much. we're going to take a short break and bring you more about this erroneous, actually fraudulent tweet that sent the markets on a wild ride about 14 minutes past the hour, and at any rate, we'll be right back.

all day we've been showing you what a million dollars can buy you housing wiz across the nation. and we have super-brother dolly linz. this is how it's going to work. we'll show you two side by side million dollar hospitals. to make it more interesting, we've asked reporters not to reveal where the home is located, only dolly knows where they are. she will reveal that after we all get a look. we've had two rounds so far. a home called the painted lady in chicago.

there it is. one of the old colonial and beat then in york, pennsylvania, the greek titan, going up another million mystery home, only called the euro estate, only dolly knows where it's located. we'll take a quick look. cnbc's diana olil will give you a look. >> this three-story 1890s victorian sits on about a third of an acre with lake access, mature landscaping, a hot tub on the back deck and three-car garage. the facade is known as a painted lady. >> this three-torrie european style home sids on just a half acre. >> and beautiful landscaping, just minutes away from fine dining and shopping. this really is a luxury retreat. >> this wide open floor plans boasts 3700 completely renovated square feet, a back staircase,

stained glass throughout, and one of five fireplaces right here in the kitchen. >> this 5300 square foot home is perfect for entertains guests, with a gourmet kitchen, island and granite counterstops action and the bonus? off the kitchen an inviting family room. >> the stained glass follows you up the main staircase where you find six bedrooms, three barmes and very rich history. you can almost feel is it here in the master bedroom, because this house was once a brothel. >> there are six bedrooms, 5 1/2 barmes, but perhaps the best feature is this spa bath. his and her sinks, steam shower, jacuzzi tub, the perfect place to end a long day. >> the owner here is an expert in stress management, which you can tell from this bonus, a desert oasis, complete with a quadruple jet stream power. 985,000. >> this house is great for a family with children. the ver randa, overlooking the

fenced-in yard, lots of light. really tall ceilings, hardwood floors throughout, all this for a million dollars. >> all right. we know the painted lady is in chicago. we know also that my wife would choose the painted lady, not because it's a breathle action by the way, so where is the so-called euro estate? i'll go first, sue. my guess is that it is somewhere in suburban new jersey, maybe bergen county. >> you know, i think that would be much more a million bucks. i think maybe it's in maybe around charlotte, north carolina, somewhere like that? because you get a lot more for your money in that neck of the woods. that house was beautifully apointed, so i don't know. i don't think you can get it for that up here. >> i actually wish i could retract what i just said, because i think you're closer to the truth, sue. dolly, where that euro estate is. >> wow, binge binge binge, sue.

you've got it, charlotte, north carolina. >> what? >> yes! >> one of my favorite places, actually. >> lovely. >> exciting. >> the first to guess and win. >> really? >> sue, way to go. >> i'm buying a lottery ticket. do i get the house? >> now, which of these two houses -- you have to decide which one represents the better value, given the location in the market right there. >> what do you think? >> based on we already guessed where the house is so what do you think is a better house valuewise? >> i think valuewise, the $950,000 in highland park is probably a better value than a million in charlotte. >> sioux? >> you know, it comes down to lifestyle. i would pick charlotte, i think, because the lifestyle down there is really lovely. >> you're both right. they're both great houses, great

locations, great lifestyles, but at the end of the day, you really have to look at price appreciation. without question, the better bet in that case is chicago. >> all right. >> one out of two. >> better employment prospects, a lot more going on for it, and very close to a big metropolitan city. >> the painted lady, undefeated painted lady taking round 3. >> and jackie is out. >> jackie goes down to olick once again. there you go. a couple more round here later in the day, i guess. you can follow the conversation on twitter with hashtag million dollar homes. catch dolly on "street signs" to see how the next round unfolds later in "closing bell." dolly will crown the top value house with ma maria bartiromo. >> can't wait. thanks. we are live with ray lahood right after the break to talk about what's going on in the airline industry. back in a moment. using technical analysis streamline their process?

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welcome back to "power lunch." issues guidelines to curb in-car communications. secretary lahood, why the new guidelines that you have issued today to curb in-car communication texting and driving? >> first of all, phil, they're voluntary. it will take three years to implement them. we've been talking about distracted driving as a way to save people's lives, and then it's an epidemic, because everybody thinks they can use their cell phones and texting devices in cars, and we've been working with the car manufacturers to develop these guidelines, and we hope they'll

get implemented. if they do, it will save lives, and that's the bottom line. >> mr. secretary, we're tight on time, but i want to ask you about the faa nurlos, and the impact it's having on delays for people flying around the country. when you see what's going on right now, do you think it's going to get worse, or do you think this is the way it's going to be for some time? >> it probably will get worse, phil, because we haven't experienced any bad weather. we know there will be thunderstorms in chicago. we know there will be thunderstorms over the new york airspace. we know there will be storms coming in off the pacific ocean in l.a. and san francisco, and when that happens, this will only get worse. this can be prevented, though, phil. congress needs to take action in the sequester, and put people back to work, put our -- lift the exquisite ser be congress changing the law. >> should people be worried if they're flying, about safety being compromised?

>> absolutely not, phil. we never compromise safety. planes will be guided in and out of the airports safely. safety will always be our number one priority. there will always be enough controllers guides planes in and out of the airports safely. >> secretary of transportation ray lahood joining us first on cnbc, on a day when a lot of news going on, tyler and sue, including the department of transportation issues new guidelines. back to you. >> thanks to both of you, phil. back now with jeff kill berg following or top story, that is the hack attack on an a.p. twitter feet. that hack saying that the white house had been victimized by for explosions and that the president had been injured. it was false, but it sent the dow down, but it also sent the ten-year note way down. >> as high frequency trade sneeze we saw, but. the pits in chicago were roaring, as they were making new

lows in the ten-year yield. >> sue, down to you. bob, you've been trying to run the story down a bit more with some of your security experts. >> just polling around asking how often does it happened? cbs was hacked, npr was hacked last month as well by a group called the syrian electronic army, a group of hackers who often attack publications based on their coverage of syria. i have no idea if that's the same here, but hacking the media sources in twitter has happened several times in the last month. still developing story. we'll be covering it all day. ty? >> jeff, thank you for being with it. that will do it for this edition of "power lunch." "street signs" begins after a quick break. [ male announcer ] you are a business pro.

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